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Foreign Central Banks Dump Treasuries by Ashraf Laidi 5/16/2005
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Net foreign capital flows into the US assets dropped 46% to $45.7 billion in March, reaching its lowest level since October 2003. Capital flows fell below the March trade deficit of $54 billion, the first short fall since October 2004.
Although foreign officials (central banks) were net sellers of US treasuries, private sources, continued allocated increased their net Treasury purchases by 36% to $42.8 billion. Private sources continued to show strong interest in US Treasuries for the third straight month.
This article contains the following sections:
Net foreign purchases of US stocks dropped 77% to $1.7 billion, the lowest level since May 2004
Foreign official accounts were net sellers of US Treasuries for the first time since August 2003.
US residents were once again net purchasers of foreign stocks, standing at $14.4 billion,
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